KE (NYSE:BEKE) Shares Up 5.8% – What’s Next?

KE Holdings Inc. (NYSE:BEKE)’s share price shot up 5.8% during mid-day trading on Monday . The stock traded as high as $19.06 and last traded at $18.97. 1,428,258 shares traded hands during trading, a decline of 78% from the average session volume of 6,611,974 shares. The stock had previously closed at $17.92.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BEKE shares. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and upped their target price for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays raised their price objective on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th.

KE Stock Up 2.5 %

The business’s fifty day moving average is $18.00 and its two-hundred day moving average is $18.01. The stock has a market capitalization of $23.55 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 2.95 and a beta of -0.76.

Institutional Investors Weigh In On KE

Several large investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KE in the third quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new stake in KE in the 4th quarter worth about $30,000. Principal Securities Inc. raised its position in KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after purchasing an additional 1,664 shares during the period. Rakuten Securities Inc. boosted its position in shares of KE by 334,500.0% during the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock valued at $67,000 after buying an additional 3,345 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after buying an additional 4,021 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.